PM Hasina, Modi to discuss $7.36b LoC in Delhi summit

PM Hasina, Modi to discuss $7.36b LoC in Delhi summit

Bangladesh and India initiated their first Line of Credit (LoC) agreement 12 years ago, with India pledging $7.36 billion to Bangladesh; however, as of last December, only $1.65 billion has been disbursed.
Although talks between the two countries have been ongoing for the last few years to speed up the implementation of the agreement, progress has been slow.
Therefore, to expedite the process, Bangladesh Prime Minister Sheikh Hasina will emphasise the issue during her upcoming visit to Delhi, where it will be a key topic at the summit meeting with Indian Prime Minister Narendra Modi, sources said.